ChiniMandi, Mumbai: 2nd Jan 2026
Domestic Market
Domestic sugar prices were reported steady to weak
Domestic sugar prices were reported weak across major markets, with prices declining by around ₹5–10 per quintal in Uttar Pradesh, Maharashtra, and Northern Karnataka. The downward bias follows a persistent decline since the commencement of the crushing season, largely driven by comfortable supply availability and subdued demand conditions.
According to the latest data released by the Indian Sugar and Bio-energy Manufacturers Association (ISMA), sugar production in India has reached 11.9 million metric tonnes (MMT) as of 31 December 2025. A total of 504 sugar mills are currently operational this season, compared with 9.54 MMT of production and 492 mills operating during the corresponding period last season, indicating a notable year-on-year increase in output.
Spot prices in key physical markets reflected this subdued sentiment. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,920–₹3,990 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at ₹3,575–₹3,630 per quintal, extending the gradual downward trend observed over recent sessions.
Ex-mill Sugar Prices as on Jan, 2 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3670 to 3680 |
₹3720 to 3730 |
|
South Karnataka |
₹3800 |
₹3850 |
|
Uttar Pradesh |
– |
₹3920 to 3990 |
|
Gujarat |
₹3691 to 3721 |
₹3761 to 3791 |
|
Tamil Nadu |
₹3875 to 4050 |
₹4000 to 4100 |
|
Madhya Pradesh |
₹3745 to 3825 |
₹3815 to 3900 |
|
Punjab |
– |
₹4040 to 4101 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 2 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,273.50 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹3,895.50 |
|
Kolkata |
M/30 |
₹4,284.00 |
|
Muzaffarnagar |
M/30 |
₹4,137.00 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,158.00 |
|
Chennai |
M/30 |
₹4,263.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $423.30 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.90 c/lb. The corn futures market trades at 440-2 and the ethanol Chicago trades at 1.58750s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.122 whereas USD was trading with BRL at 5.4515 Crude WTI traded at $57.21 a barrel. Sensex closed 573.41 points up at 85,762.01 whereas Nifty closed 182.00 points higher at 26,328.55.
News Round-Up
2025–26 season: Sugar production in Maharashtra touches 492 lakh quintals
2025–26 season: Sugar production in Maharashtra touches 492 lakh quintals
Pakistan pushes voluntary ethanol blending
Kenya dissolves Comesa sugar barriers: Media report
